Xignite, a San Mateo, CA-based provider of market data cloud solutions for financial institutions and financial technology companies, raised $20.5m in Series C funding.
The round, which brought total funding to $37m, was led by Tokyo-based Quick Corporation, part of the Nikkei Group and Japan’s largest financial information provider, with participation from current investors StarVest Partners, Altos Ventures, and Startup Capital Ventures. In conjunction with Atsuyuki Nakajima, Quick’s Managing Director, will be joining Xignite’s Board of Directors.
The company will use the funds to further scale its sales and marketing efforts and expand its product capabilities. Together with QUICK, Xignite will continue to accelerate the growth and disruption created by financial technology innovations in the Asian market and elsewhere around the world.
Led by Stephane Dubois, CEO and founder, Xignite provides cloud-based financial market data APIs to allow emerging companies and established enterprises to deliver real-time and reference market data to their digital assets, such as websites and mobile apps. Clients include more than 1,000 financial services, media and software companies including fintech firms, such as Betterment, FutureAdvisor, Motif Investing, Personal Capital, Robinhood, StockTwits, Wealthfront and Yodlee, financial institutions, exchanges and market data vendors.
In conjunction with the funding, Xignite and Quick will be partnering to deliver Xignite’s cloud-based data solutions in the Asian market as well as Quick’s proprietary financial data and information through Xignite’s APIs.